Published by MBA Skool Team, Last Updated: April 12, 2020
SWOT analysis of Newmont Mining analyses the brand by its strengths, weaknesses, opportunities & threats. In Newmont Mining SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Newmont Mining to benchmark its business & performance as compared to the competitors. Newmont Mining is one of the leading brands in the heavy equipment & engineering sector.
The table below lists the Newmont Mining SWOT (Strengths, Weaknesses, Opportunities, Threats), top Newmont Mining competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
Vision : be the most valued and respected mining company through industry leading performance
One of the worlds largest Gold Company
Newmont Mining STP
Integrated electrical equipment organizations , gold distributors and resellers
Positioned as one of the oldest and strongest gold miners with wide geographical expanse
SWOT Analysis of Newmont Mining
Newmont Mining Strengths
Below are the Strengths in the SWOT Analysis of Newmont Mining:
1. Assets or operations in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. 2. Only gold company included in the S&P 500 Index and Fortune 500. 3.T he company has around 32,000 employees and contractors worldwide. 4. High standards in environmental management, health and safety for its employees 5. Major successful mergers and acquisitions including that of Fronteer Gold 6. Strong assets which leads to fair payment per share dividend to all shareholders 7. Newmont regularly measures its health, safety and loss prevention (HSLP) performance to ensure continuous improvement against planned and actual outcomes.
Newmont Mining Weaknesses
Here are the weaknesses in the Newmont Mining SWOT Analysis:
1. Dependence on contractors to conduct major portion of operations 2. Newmont is accused of negligently spilling cyanide at its Ahafo gold mine, resulting in water contamination and fish kills, which affect brand image 3. Poor price to sales ratio during weak copper and gold prices put the company in financial crunch time and again
Newmont Mining Opportunities
Following are the Opportunities in Newmont Mining SWOT Analysis:
1. Increase trade through is copper mining through extraction and processing hence producing refined and high grade copper 2. Continuous efforts towards driving down costs to stay profitable through increased research and technology efforts 3. Achieve government clearances for new projects undertaken to increase outputs
Newmont Mining Threats
The threats in the SWOT Analysis of Newmont Mining are as mentioned:
1. Overdependence on contract workers and lack of permanent employees poses threat of retaining and developing skilled workers within the organization 2. Strong charges regarding bribery and operations causing threat to environment draws regulatory policies and restrictions 3. Highly volatile Gold prices depending on prevailing economy leads to threat of sustained revenue
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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